SRE - To Short Energy Company when Energy Prices Rising?
Although the world is clearly experiencing energy supply shock and the prices for oil and gas are exponentially rising is it possible for 
Sempra Energy, producing electric and gas infrastructure to sink?
Fundamental indicators:
Technically:
Do you think it's possible forSempra Energy to drop by 70% before the new growth cycle begins?
Please share your thoughts in the comments and like this idea if you would like to see more stocks analysed using Elliott Waves.
Thanks
Sempra Energy, producing electric and gas infrastructure to sink?Fundamental indicators:
- Revenue and Profits - not demonstrated consistent long-term earnings growth over the past 10 years
- Profit margin - impressive 33% in 2021 but is it going to be as good in 2022 with looming recession
- P/E - extremely overpriced at 40x
- Liabilities - no problems with debt
Technically:
- The correction of March 2020 was formed by a rapid motive wave and more precisely by a zig-zag
- Since then the bull run which has culminated in April 2022 was very choppy and very unlikely to be an impulse or ending diagonal
- This means that it was a complex wave B of the overall Running Flat correction and another rapid impulse like correction may now take place
- In this scenario wave C is normally of the same amplitude as wave B hence the target of $99
Do you think it's possible for
Sempra Energy to drop by 70% before the new growth cycle begins?Please share your thoughts in the comments and like this idea if you would like to see more stocks analysed using Elliott Waves.
Thanks
In search of the optimal signals
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.